Duplex with Detached
For Sale
$499,000
126 Ash St, New Bedford, MA 02740
Residential Income, New Bedford, MA
Property Size1,977 SF
Lot Size0.07 Acres
Price / SF$252.40
Days on Market47
Property Features for 126 Ash St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3
Parking
4
Fireplace
1
Directions
Hawthorn Street to Ash.
Standard status
Active
APN
M:0045 L:0223,2890339
Size
1,977 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5784
Amenities
front porch
laundry hook-ups
attic
back deck
yard
Building Details
Year built
1863
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Aug 31
Changed: Oct 14
Last Checked: Oct 16 at 1:06PM
MLS# 73570338
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,977-square-foot duplex, built in 1863, contains two apartments: a first-floor one-bedroom layout and an upper-floor three-bedroom layout. The upper apartment has new flooring and fresh paint and will be vacant at delivery. The third bedroom is notably small and has no closet. Separate utilities serve the apartments, with an additional house meter. A detached one-car garage, off-street parking for two vehicles, basement laundry hookups, a walk-up attic, front porch, and small rear deck round out the property. The exterior has been freshly painted; the roof is 10 years old, and the porch roof is new.
The property is within the County Street Historic District in New Bedford. St. Luke’s Hospital is 1/2 mile away. The lot measures 0.0657 acres, and the zoning designation is RA.
The property is within the County Street Historic District in New Bedford. St. Luke’s Hospital is 1/2 mile away. The lot measures 0.0657 acres, and the zoning designation is RA.
Key Highlights
- Two‑unit duplex with 1,977 square feet
- Built in 1863 on a 0.0657‑acre lot; zoned RA
- Upper apartment has three bedrooms and will be vacant at delivery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,418
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,360
$568.4K
Cap Rate 7%
$405,971
$406.0K
Cap Rate 9%
$315,756
$315.8K
Market Conditions
NOI Build-Up for 1,977 SF
Gross rent
$43.9K $22.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$40.6K $20.54/SF
− OpEx
−$12.2K −$6.16/SF
NOI
$28.4K $14.37/SF
Area
New Bedford, MA
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,360
Cap Rate 7%
$405,971
Cap Rate 9%
$315,756
Alternative Uses
Best Use
Multifamily LT 5
$406.0K
$355.2K – $473.6K
NOI $28,418 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$372.7K
$326.1K – $434.8K
NOI $26,090 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$582.9K
$510.1K – $680.1K
NOI $40,805 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,413
Businesses Nearby
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Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper apartment is vacant after updates, while the first-floor unit has a tenant-at-will.
Where is this duplex located?
The property is located at 126 Ash St New Bedford, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,977 square feet; Built in 1863 on a 0.0657‑acre lot; zoned RA; Upper apartment has three bedrooms and will be vacant at delivery
